That's what Slate thinks after U2 relocated its music publishing business from Ireland to the Netherlands to protect its songwriting royalties from taxation.

The relocation of U2's music publishing will halve taxes on the band's songwriting royalties, which already reportedly total $286 million. Although Bono has declined to comment on the move, the band's lead guitarist, David "the Edge" Evans, said, "Of course we're trying to be tax-efficient. Who doesn't want to be tax-efficient?'" Writing in the Observer, Nick Cohen noted that Evans "sounded as edgy as a plump accountant in the 19th hole."

Slate points out that Ireland has one of the highest poverty rates among developed nations, and could probably use tax dollars from millionaire (possibly billionaire) rock stars. Then again, how awesome would it be to see Bono waving a white flag and singing, "How long must we pay excessive taxes? How long? How long?"

Advertisement